Litebulb Grp Share Discussion Threads

[tradeyodha] 09/12/2015 20:12

Sorry I meant rebounce :-)

[tradeyodha] 09/12/2015 19:35

Absolutely no volume on decline today. I am interested in buying it now today for a quick renounce profit. Please dyor

[vitamal] 09/12/2015 15:55

At least there is a measure of improvement in managing the newsLast years shortfall in turnover was not announced until after the year end and it was dressed up as an improvement rather than a shortfall.Not quite sure what they mean by adjusted EBITDACan anyone enlighten me

[clocktower] 09/12/2015 13:22

1/50 at best imo, not worth the punt. US is always a tough nut to crack, one just has to look at what happened to some of our leading supermarkets when they tried. Will they never learn. Look East not West.

[pugugly] 09/12/2015 12:28

Sorry for any who still hold - The abrupt departure of the cOO (see 91 above) was a warning sign of the hurricane approaching and has now hit.

The $64K question is "Is there any value left at this price or will it limp into oblivion.

Odds anyone ?@

[yump] 04/12/2015 09:41

I don't think anyone is much interested any more.

They're still signing up new rights - Peppa Pig in November.

It could just be the result of the change of strategy. Two of the 'old guard' have gone already - perhaps the COO was planning to leave to a business with a conflict of interests and had a 'clear your desk today' request.

Or as typical with AIM: its a 'something bad going on' thing.

I think there will be something bad going on if they can't make a profit from the level of turnover they've got and if they don't, then the whole of the previous management are suspect in their ability to simply make a business that's profitable, rather than just make a business with a bigger turnover.

Although it wouldn't be the first lot to just build ego turnover and never deliver a viable business.

Shame there isn't a list somewhere of directors who have just built turnover and then legged it. There's a lot of them about who have had nice fat salaries based on the 'look at the size of what I've built' mantra.

[pugugly] 29/10/2015 09:04

CT:- You are so right - I am surprised share price has not tanked fast and further - COO's from my experience (unless different here) are the glue and oil which holds everything together and lubricates the operation - in particular ensuring goods are manufactured to specification and delivered on time. but as you say DYOR. Possibly visit their local pub at lunchtime and keep your ears open !!

[clocktower] 28/10/2015 13:11

Today`s announcement is more very bad news imo. To be leaving with immediate effect suggests something is seriously wrong.DYOR

[yump] 30/9/2015 15:52

"With the continuing losses where is the cash coming from to fund these bonds and interest at 10%"

Just what I was thinking.

Famous last words, but my guess would be that the static share price might mean that most who want out are out.

Perhaps it is another of those media-style stocks run by folk who never really worked out how it would make a profit, despite being able to generate revenue.

Ebay is full of folk who, if they had to value their time, don't have viable businesses and Dragon's Den is full of folk appearing who are pleased with their turnover, but stutter when the P word is mentioned.

It would be quite bizarre if this lot could run at £34mln turnover and not make any clean profit. The logic still seems reasonable to me, but without seeing the exact nature of all the expenses, its difficult to get a grip on it. ie. is a big proportion due to initial sales/setup costs, or is most of it inevitable, year on year.

[pugugly] 30/9/2015 14:08

ct:> Very fair comment - This business medel seems flawed/broken. Designing, producing and selling (mainly one off lines) of products to or through or commissioned by specific retail groups may produce turnover/revenue but with the high levels of expensive debt it does not generate a positive bottom line.

Remember - Profit is sanity - all else is vanity.

[clocktower] 30/9/2015 12:59

I cannot see them making a full year profit and the other concern is that Bluw has has a good run with Star Wars but what happens when that dry`s up?

We have also seen a growth in the number of shares from last year, it now stands at an extra 1.2m to that of 2014.

From the accounts:-

"The longer term debt of £6.3m remains in line with 31 December 2014. This debt comprises three rounds of secured convertible bonds, with the first round of £0.8m due for repayment in February 2016, the second of £2.0m in April 2017 and the final round of £3.5m in December 2017. All bonds carry a 10% per annum interest coupon with a 10% per annum redemption premium in the event that the loans are not converted."

With the continuing losses where is the cash coming from to fund these bonds and interest at 10% - hence it seems to me that an arrangement is being made with HSBC due to the comments in the accounts. However, I expect another funding will take place to redeem those sums at a not to distant point in time.

I am surprised the stock has not slumped as I cannot see the value being given to the company at this point in time.

It will take another 18 months to sort out the review side of operations and to carry out the objectives they have identified in the report.

Exciting in the future I expect it will become but way over valued for now imo, and they need to improve margins but that will be a hard task bearing in mind the type of major clients they deal with.

[vitamal] 30/9/2015 08:59

Surely on 34m t/o gp is 11.5m which points to full year profit/breakevenJust a bit more realism in making what they have workWho knows they might exceed forecasts

[clocktower] 30/9/2015 07:46

After a very brief look at the accounts this morning, at last there seems they wish to show more openness and clarity imo. Not that it is a very happy picture even with the growth of sales and new major accounts.

I see little alternative to another round of fund raising now the stock has been consolidated. HSBC look like covering the bonds I guess for the time being.

All I can see is more gloom for this stock at present.DYOR

[clocktower] 25/9/2015 08:02

The price seems to have settled but how much longer before news of possible fund raising?

[clocktower] 08/7/2015 10:31

An extra day than expected to break the 20p how quickly will the 15p level be reached?

I think the problem is that the creative writing in the numbers has sunk in and investors can see the problem LBB have now that they are only going for organic growth. Let us hope they can raise the funds they must need to take the buisness forward but at what level of dilution would one expect? DYOR

[clocktower] 06/7/2015 16:21

So almost at 20p, I guess we will slump below that tomorrow before we see a dead cat bounce at some point which might be nearer 15p if they are lucky.

"investorschampion 18 May'15 - 10:45 - 50 of 81 0 0

The results are encouraging but there's plenty of creative writing in the numbers.

New research note at "

How much more creative writing will there be in this years accounts?

It is well worth taking a good long look at the link that was posted 18 May.

[clocktower] 06/7/2015 13:11

Thanks Stig.

yump, The company remains on track to deliver its first positive EBITDA but that said the problem must be the size and effect of the exceptional items that will show the full and true loss. I expect the new management will want to throw everything in with the kitchen sink at the time of the full year results but try to cover the real picture with H1 trading figures while they try to repair the serious damage done. Hence the view on here that the share price may well slip below 20p but by how much is another matter. Having looking at the picture and studied the RNS, I would not be surprised if it sunk much lower than 10p even. DYOR but for now I think best to street clear.

[the stigologist] 06/7/2015 12:43

lol nice one another winner for clocktower

better luck with PTV

PMSL

[yump] 06/7/2015 10:59

Clearly the best thing to have done would have been to carry on like a loss-making high tech.

Concentrate on the revenue growth, pretend profit doesn't matter because they are 'land-grabbing' and carry on announcements as before emphasising the establishment of a global reach, quoting KPI's - that sort of great positivity.

In particular, rather than recognising that the type of leadership required for expansion is different to that required for operational efficiency, they should clearly have done what most naieve small businesses do and stuck with the original leadership team through thick and thin. Despite the fact that by now some investors will inevitably be pushing to know whether the business model will throw off profits, based on economy of scale and larger orders from the same customers, where the initial sales expense of capturing those customers is partly in the past.

Or perhaps they just looked at the business and took a sensible decision in the interests of making it profitable.

[clocktower] 06/7/2015 10:32

Pugugly, Well I was surprised that they have stopped looking for other businesses to tack on and now are only going to grow it organically. I guess they may have run before walking hence the turnaround. Also it seems they were counting chickens before the egg was even laid which smacks at deception but on the positive the turnover will still be up considerably but what is very worrying is how great will the exceptional items be when the H1 figures are announced or will these only become clear in the full year accounts? They need to clear these matters up if investors are top have any confidence in the board and the new CEO.

[pugugly] 06/7/2015 10:22

Why am I not surprised !!

clocktower:- You may be too generous with your 20p - (imo) The "less" could well be the operative word.

The business model seems be to re-invented each time there is a sales contract. In this respect they appear to be very much like the old sales promotion agencies who ususally had to pitch for each job.

OK There are some continuity products but not (imo) a sufficient number.

[clocktower] 06/7/2015 08:29

Not a very nice picture being painted today by the new CEO :

" As a result of this the Board now expects the Group to produce revenue growth of approximately 55 per cent on last year which is lower than current market expectations. The company remains on track to deliver its first positive EBITDA this year compared to an EBITDA loss (before exceptional items) of GBP0.4m in the year ended 31 December 2014."

So what will be the loss in total? Will the company need to raise funds?

Must be a serious situation for the departures to take effect as quickly as they did.

There needs to be more openness as to what has gone wrong imo.

How low will the share price go? 20p maybe or less?

[clocktower] 15/6/2015 18:11

Late RNS. stake building and I notice that one of the directors of Barnard seems to be associated with New Century Aim Vct Plc by way of directorship. This tightens the amount of loose stock even further at this time, and since the 11th has it been BN ltd that has added to the stake taking the share price further upwards?